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WES MOORE, Governor Ch. 717
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(2) to the Blueprint for Maryland’s Future Fund established under § 5–206 of the Education Article, the following percentage of the remaining sales and use tax revenues:
(i)for fiscal year 2023, 9.2%;#
(i) for fiscal year 2023, 9.2%;
(ii)for fiscal year 2024, 11.0%;#
(ii) for fiscal year 2024, 11.0%;
(iii) for fiscal year 2025, 11.3%;
(iv) for fiscal year 2026, 11.7%; and
(v) for fiscal year 2027 and each fiscal year thereafter, 12.1%; and
(3) the remaining sales and use tax revenue into the General Fund of the State.
2–1603.
After making the distributions required under §§ 2–1601 and 2–1602 of this subtitle, the Comptroller shall distribute:
(1) TO THE BLUEPRINT FOR MARYLAND’S FUTURE FUND ESTABLISHED UNDER § 5–206 OF THE EDUCATION ARTICLE, THE FOLLOWING AMOUNT OR PERCENTAGE OF THE REMAINING TOBACCO TAX REVENUE:
(I) FOR FISCAL YEAR 2025, $88,300,000;
(II) FOR FISCAL YEAR 2026, 32.6%;
(III) FOR FISCAL YEAR 2027, 33.2%; AND
(IV) FOR FISCAL YEAR 2028 AND EACH FISCAL YEAR THEREAFTER, 16.2%; AND
(2) the remaining tobacco tax revenue to the General Fund of the State.
11–101.
(l) (3) “Taxable price” does not include:
(ii) the value of a used component or part (core value) received from a purchaser of the following remanufactured truck parts:
1. an air brake system;